LyondellBasell subsidiary to acquire 35% stake in Alujain petrochemical project

Basell International Holdings, a LyondellBasell subsidiary, signed an agreement to acquire a 35% stake in Alujain National Company for Industries, which is developing a petrochemical complex with an investment of SAR 7.5 billion in Saudi Arabia.

“The agreement outlines Basell's acquisition of a 35% stake in Alujain National Company for Industries (under development), focused on establishing a petrochemical complex with an investment cost of approximately SAR 7.5 billion.”spa.gov.sa

• 1 source
• spa.gov.saIn the Presence of Energy Minister, Alujain Corporation, Basell International Holdings Sign Strategic Partnership AgreementJan 16, 2024

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